Unvested restricted stock options -
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More unvested restricted stock options 20 million competitive players this season. This is outlined in the table below, which also demonstrates the threshold, target and stretch minimum, on-target and maximum performance levels to be achieved against the business plan either at company or business unit level.
The final score is moderated up or down based on individual performance. The productivity bonus scheme is negotiated for bargaining unit employees with trade unions as part of wage negotiations.
It seeks to drive improved safety and productivity by rewarding bargaining unvwsted employees for achieving monthly KPI targets that include:. Middle managers, technical and support staff linked directly to the production of steel are measured in the same way as their staff members and are unvested restricted stock options for driving safety, quality and business unit performance.
A share option opyions was effective from to Share options were offered at market prices on the grant date and were released in three annual tranches of The options carry neither rights to dividends nor voting rights.
Options may be exercised at any time from vesting to unvested restricted stock options date.
No share option grants were made in, or and, as at 31 Decemberall unvested restricted stock options options had vested. However, in the case of a rights offer, the trust deed of the share option scheme clause 19 states that the scheme shares options held by a participant shall be increased with the number of binary option terminology to which the participant is entitled and will be equal to the subscription amount payable in respect of such rights shares at the restricted stock options unvested offer price.
Therefore, restrcited every options, the number of options increased by at the rights offer price applicable to the increased portfolio only.
The result this year following our rights issue was an increase of 4. Eligible participants must remain employed to qualify for unvested restricted stock options settlement if the option trading months conditions have been met. There is provision for proportional awards when there is a change in the effective control of the company, or when an employee is retrenched, retires or dies while in service.
International executives participate in the ArcelorMittal group scheme in accordance with the international mobility policy. Executive retention payable in three reetricted was approved by RSEC earlier in due to increased turnover in the senior management category.
This first tranche was paid to six key individuals in July supported by strong retention terms with the final payment due in These agreements include specific employment conditions. Voluntary turnover this year was 5.
Staff turnover per employee category is reflected in the graph click here. The size of the ESOP was a 4.
The following participation rules apply:. To continue with our transformation journey, we are committed to:. The structure of the new scheme is as follows:.
This is a summary of directors remuneration, prescribed officers and the highest paid senior employees who are not directors for services rendered to ArcelorMittal South Africa Unvested restricted stock options.
The following table reflects the number of restricted and performance lptions units allocated to executive directors, prescribed officers and the highest paid senior employees who belong to the ArcelorMittal group share-based payment scheme.
Independent limited assurance report. Guaranteed Total cost to company CTC including company retirement contribution.
Salary structuring Reward for performance Equitable pay External competitive pay. Benefits Medical schemes Allowances shift Funeral, death, insurance.
Legislative compliance Competitiveness attraction Employee lifestyle Flexibility. Benefits Annual incentive scheme. Long-term incentive Long-term equity-settled instruments.
Five-year strategy targets Shareholder value Performance. Recognition for performance excellence.
Skills development Internal branding Employee value proposition Employee engagement. Performance measure and weights. All permanent employees, middle management and below role levels.
Salary 1 R. Short-term incentives 2 R. Equity incentives 3 R.
Total remuneration R.
Description:Dec 1, - In any option scheme the company grants employees an option to subscribe for shares in the company. on the value of the options as they are restricted equity instruments. . However, although the shares have vested in the beneficiaries, they . IT Act:S 8th Schedule par 11(1)(d), 20(1)(h)(i), 35(3), 80(1).